{"id":87877,"date":"2023-11-20T12:59:43","date_gmt":"2023-11-20T12:59:43","guid":{"rendered":"https:\/\/celebritytidings.com\/?p=87877"},"modified":"2023-11-20T12:59:43","modified_gmt":"2023-11-20T12:59:43","slug":"germany-facing-double-dip-recession-as-economy-expected-to-plummet-again","status":"publish","type":"post","link":"https:\/\/celebritytidings.com\/world-news\/germany-facing-double-dip-recession-as-economy-expected-to-plummet-again\/","title":{"rendered":"Germany facing double-dip recession as economy expected to plummet again"},"content":{"rendered":"

Nigel Farage U.K.\u2019s GDP is outperforming those of France and Germany<\/h3>\n

Germany’s economy is expected to shrink again this quarter, facing challenges in its recovery, according to a monthly economic report from the Bundesbank on Monday.<\/p>\n

The eurozone’s largest economy has struggled this year due to factors such as high energy costs, weak global orders, and higher interest rates, leading to a deep industrial recession.<\/p>\n

The Bundesbank said that economic output is likely to decline in the fourth quarter of 2023, and the German economy will face a tough recovery from the ongoing weakness since the start of the conflict in Ukraine.<\/p>\n

Germany\u00a0<\/span>experienced economic growth only once this year, and indicators for the final three months of the year have generally been worse than expected.<\/p>\n

“The economic output is likely to once again decline slightly in the fourth quarter of 2023,” the Bundesbank said.\u00a0<\/span><\/p>\n

Germany\u00a0<\/span>experienced economic growth only once this year, and indicators for the final three months of the year have generally been worse than expected.<\/p>\n

“The economic output is likely to once again decline slightly in the fourth quarter of 2023,” the Bundesbank said.\u00a0<\/span><\/p>\n

READ MORE: <\/strong> EU budget at risk as German economy on its knees after \u00a352 billion hole<\/strong><\/p>\n

<\/p>\n

“The German economy is set to recover only arduously from the period of weakness that has persisted since the outbreak of the war against Ukraine.”<\/p>\n

Despite these challenges, the central bank expressed cautious optimism for the coming year. It highlighted factors such as high employment, strong wage growth, and stabilising sentiment indicators.<\/p>\n

The Bundesbank mentioned possible signs of a slight improvement after the new year, with indications that foreign demand may have reached its lowest point.<\/p>\n

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However, the report also issued a warning, stating that there is no evidence of a sustained improvement in global industrial activity.<\/p>\n

Surveys indicate a decline in new orders and overall weak demand, suggesting that challenges persist in the broader economic environment.<\/p>\n

“Tentative signs of a slight improvement after the turn of the year are beginning to emerge,” the Bundesbank said. “The underlying trend in new orders suggests that foreign demand may have bottomed out.”<\/p>\n